The Impact of Energy Storage in Smart Cities

First-mover Advantage in the Near Term, Competition to Boom Post 2020

A smart city is a future trend that ensures efficient, intelligent power consumption and management within an urban community. These global cities will only function through the installation of both a smart grid and a form of energy storage. The impact of energy storage in a smart city is expected to be felt most strongly in the US and Europe, followed by the APAC region. This deliverable discusses different energy storage technologies, along with an explanation of the one expected to be most widely used. The technical, economic, and consumer level impacts of energy storage are discussed in detail. The geographic focus centers on Europe, while other future smart cities are highlighted.